President Trump issued a preliminary response to Jerome Powell and the Federal Open Market Committee (FOMC) moments before they announced a decision not to cut interest rates for the fifth time since December. The FOMC announced on Wednesday afternoon that it decided to maintain interest rates at the current level, as President Trump puts massive pressure on Fed Chair Jerome Powell to cut the rates. This is despite Quarter 2 GDP numbers showing positive economic growth, hundreds of billions of dollars in new business investment, and hundreds of billions of dollars in tariff revenues into the United States. Notably, Trump announced a deal with Japan recently where they’ve agreed to invest over half a trillion dollars in the United States, of which the US “will receive…
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